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Transmissions Press Release: Hong Kong-based global currency transfer platform is launching its revolutionary new service as it announces ICO and pre-ICO crowdsale.
August 8, 2017, Hong Kong – The Hong Kong-based global transfer startup Transmission has announced the launch of an innovative new platform as it prepares for the upcoming ICO and ICO-pre-sale. The platform will offer substantially beneficial changes to the worldwide multiple-currency transfers and conversions, including support for cryptocurrencies to be traded on a global scale. Transmission’s token crowdsale is scheduled to launch on August 30, 2017.
The platform converts currencies including all major crypto-currencies at direct exchange rate, as displayed on the leading currency markets and crypto exchanges. Because of the precise configuration of the platform’s own liquidity management network, complete integration with cryptocurrency environment based on block solutions, and access to markets for conventional currencies in various parts of the world, Transmission offers its users a profitable solution to make transfers and currency conversions less 1% for total transaction. The company claims that its commissions are 5 to 7 times lower, on average than other similar currency transfer services.

Platform Features
The platform has an intuitive user interface that offers an option to execute transactions simply and quickly. The registration and authentication processes will be streamlined significantly and could take as little as 5 minutes to perform. The Transmission platform converts digital currencies and cryptocurrencies at current exchange rates from leading markets and global currency exchanges.
Transmission is a tool for typical business currency movement. By using Transmission service any regular person be able to:
• Make full transfer cycle and convert currencies with commission less than 1%
under a real exchange rate when converting currencies.
• No extra fuss and action is required from the user, just use your existing plastic cards, bank accounts or other payment systems.
• Transmission is simplifying it’s structure of use as much as possible so anyone with a smart phone can use the service.
• Sending and converting money among Transmission users is absolutely free.
• There will be presented an Escrow Agent System for non-trusting parties so people wouldn’t have to worry about honesty of potential customers.
• Transmission users can set up scheduled automatic payments so they won’t miss out on things like utility bills payment, and much more.
Supported Currencies
Transmission’s services presently offer quick global conversions and transfers for a plethora of different fiat and crypto-currencies. The service covers fiat currencies including
AUD, NZD, USD, CAD, EUR, GBP, JPY, CHF, CNY, RUR, SGD, HKD, INR, NOK. Cryptocurrencies presently supported by the platform include
BTC, ETH, ETC, LTC, and XRP. As the company completes each stage of its development process, it will increase its support to include additional cryptocurrencies, based on market demand.
TMN Tokens ICO/Pre-ICO
The Transmission token (TMN) ICO is scheduled to commence on August 30, 2017, following the pre-ICO that starts on August 25, 2017. The ICO crowdsale will run for ten days, offer investors a chance to buy 270,000,000 tokens. TMN tokens could be purchased via ETH, BTC & LTC.
All offered TMN tokens will be supported by a specially created Fund, 50% of commissions from Transmission network transactions, and will be transferred quarterly to exchange were TMN will be listed.
Discounts for investors
The ICO discounts (bonuses) are based on the volume of tokens bought as per the following criteria:
• First 10,000 ETH = 50% discount
• Next 20,000 ETH = 40% discount
• Next 40,000 ETH = 25% discount
All-time discounts:
• More than 100 ETH = 15% discount as per the crowdsale price
• More than 300 ETH = 20% discount as per the crowdsale price

An Ever Growing Market
Currency transfers are now one of the biggest global directions of cash flow. Previous year was remarkable, with total volume of these transactions as more than $150 trillion. The volume of all transfers, on the private individual basis, was estimated as $3 trillion a year.

Transmission model is highly reflected of Uber Inc. business model that takes and shapes this process with a different approach. Transmission’s new concept is based on the fact that funds users need in the fiat or cryptocurrencies are already in locations where platform’s system is open to its service users. The platform creates money or its contemporary embodiment in the shape of currency as a mode of exchange.

Users exchange with Transmission service or their other clients directly, removing all potential delays and costs for currency transfers and conversions. This makes transmission services fee incredibly lower; no more than 1% of a transaction.

Actually it is not true..Investing in crypto-assets and traditional money transfers are always charged with additional fees.Some brief examples:The current Forex market exchange rate where the leading banks and major players of the market exchanging their financial assets. This «real» rate takes into account the demand and supply of money market participants, inflation, the level of interest rates in the countries of the world, and the monetary policy of their central banks.For example, if the current direct market cross rate of the dollar to the euro is 1.165 usd = 1 euro, then by transferring usd through the largest US banks for the exchange rate offered to the client, the bank offered to the client will be about 1,191,195 usd for 1 euro. That is, the need to convert the currency leads to an additional loss of the client about 22.5% of the final amount in euros compared to the exchange rate.According to a World Bank study (Remittance Prices Worldwide / PRW for June 2017), the weighted average costs for global money transactions (means fiat currency) are 5.57% of the transaction amount.A similar situation has developed in the area of ​​buying sales of crypto-currencies: most small and novice investors interested in investing in crypto-currency assets that do not have the status of a professional participant in this market and the necessary tools for exchange when buying or selling crypto currency and getting a currency are forced to pay for it a whole list of commissions in the aggregate reaches 5% -7% of the transaction amount.To put it more simply, if the rate of the currently popular crypto currency Ethereum on the Bitfinex exchange is 220 usd = 1 eth, then in actual fact the investor will spend usd 231235 for 1 eth.#Transmission system service fee are incredibly low: no more than 1% of the transaction amount.How we can decrease costs for our service users?For more details You can read our research article on Medium